|Bid||3.600 x 0|
|Ask||3.610 x 0|
|Day's Range||3.580 - 3.650|
|52 Week Range||1.310 - 4.840|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||4.11|
|Earnings Date||May 9, 2019 - May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.84|
Ukrainian President Petro Poroshenko on Wednesday signed a decree broadening sanctions against Russian companies and citizens to include aluminium and power producer En+ Group and several other Russian firms. Kiev imposed sanctions against some Russian firms and individuals in response to Russia's annexation of Crimea in 2014 and its support for a pro-Moscow insurgency the east of Ukraine. En+ holds a more than 50 percent stake in aluminium giant Rusal, which operates the Mykolaiv alumina plant in Ukraine.
The metals tycoon launched a lawsuit against the U.S. Treasury Department on Friday, in an attempt to cast off sanctions placed on him last year. The Trump administration lifted the sanctions on Rusal and En+ in January — against Democrats' objections — but not the sanctions on Deripaska himself. Oleg Deripaska, a Russian billionaire known to have ties to the government of President Vladimir Putin , said on Sunday he would fight the U.S. government in court for "weaponizing the financial system" against him.
Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning. Crispian Investments Ltd., a company controlled by Chelsea Football Club owner Abramovich and his partners, increased the size of the offering in MMC Norilsk Nickel PJSC to 1.7 percent from the originally envisaged 1.25 percent because of the strength of demand. The stake was valued at about $551 million, with 39 percent acquired by U.K. investors, according to VTB Capital, one of the sale organizers.
HONG KONG/MOSCOW (Reuters) - Rusal, the world's largest aluminium producer outside China, said on Thursday its business was back to normal after U.S. sanctions were lifted in January, and reiterated a positive outlook for the global aluminium market. The company said sales were gradually returning to levels seen before the U.S. Treasury imposed sanctions on the company and other businesses linked to Russian tycoon Oleg Deripaska in April 2018. The sanctions, and Rusal's inability to fully take part in the industry's annual "mating season", when producers and clients seal 2019 metal supply agreements, weighed on U.S. and Asian sales last year, Rusal's sales director Roman Andryushin said on a call after the company reported annual results.
The Treasury's Office of Foreign Assets Control said in a statement that it would allow investors and businesses until July 6 to cut ties with GAZ. The extension gives Deripaska more time to lower his stake in GAZ, potentially allowing the company to be removed from the U.S. sanctions list. On Jan. 27, the Treasury lifted sanctions on Deripaska's aluminum and energy businesses Rusal, its parent En+ and EuroSibEnergo after they had agreed to restructure to reduce his stakes.
Now, Kingsferry Capital Management Group Ltd. is bathing in the glory. Having spent $36 million steadily amassing a position in the aluminum producer’s Hong Kong-traded stock (worth more than $65 million at its peak), the firm is sitting on an 80 percent profit, based on its average share-purchase price over the period. “When the news came out, there was a really overwhelming fear in the market about this company, whether it would be able to survive these kind of sanctions,” said Kingsferry’s Chief Investment Officer Hugo Chan, who splits his time between Los Angeles and Shanghai.
Mining giant Glencore has bought 200,000 tonnes of aluminium on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said. Glencore wants the aluminium for delivery to clients but sources said the move was also a direct challenge to ISTIM, which is preventing companies from taking LME warranted metal when needed from its warehouses in Port Klang.
Russia's Rusal , the world's second-largest aluminium producer, is in talks to resume reinsuring its risks with Western companies after Washington lifted sanctions on it, officials with Russian National Reinsurance Co (RNRC) said. The reinsurance talks show the company is now trying to return to normal operations.
HONG KONG (Reuters) - Russian aluminium giant Rusal said on Friday it sees demand for aluminium growing in 2019 with potential for prices to rise. In a filing, the Hong Kong-listed company also said the ...
MOSCOW/WASHINGTON (Reuters) - The U.S. Treasury believes it can curb the influence of Oleg Deripaska over aluminium giant Rusal despite concerns the Russian oligarch may still be able to pull the strings of his business empire from behind the scenes. Rusal and its parent company En+ were hit with U.S. sanctions in April when Washington blacklisted billionaire Deripaska along with several other influential Russians because of their ties to Russian President Vladimir Putin. After months of negotiations, Deripaska agreed in late 2018 to reduce his stake in En+ to 44.95 percent from 70 percent in a deal with the U.S. Treasury Department that allowed the punitive measures against Rusal and En+ to be lifted.
Feb 4 (Reuters) - United Company RUSAL Plc: * OLEG DERIPASKA'S LONG POSITION IN UNITED COMPANY RUSAL AT 56.89 PCT ON JAN 26 FROM 48.14 PCT PREVIOUSLY - HKEX FILING Source text in English: https://bit.ly/2RCs4YV ...
The CME Group has reinstated approved status for warranting aluminium produced by United Company Rusal after U.S. sanctions were lifted against the company on Sunday. "Aluminium of a Rusal Brand and warrants issued for aluminium of a Rusal Brand shall be deliverable under the Exchange’s Aluminium Futures contract," CME said in a notice on its website dated Jan. 31.
Mr. Thomas resigned following “an imperative request” by the U.S. Treasury Department for him to leave the position, the company said in a statement Sunday. The last-minute nature of the move offers insight into the fluid nature of negotiations between the Treasury and companies seeking to disentangle itself from blacklisted investors. It came as a surprise to those watching Rusal’s negotiations for the removal of U.S. sanctions, which have drawn accusations of political coziness between the Trump administration and the Kremlin.
Jan 30 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Securities watchdogs ...
U.S. congressional Democrats said on Tuesday they are not satisfied with the Trump administration's decision to ease sanctions on companies linked to Russian oligarch Oleg Deripaska, demanding briefings and planning legislation. The leaders of four House of Representatives committees said they were considering legislation to ensure Russian aluminum giant Rusal and its parent En+ comply with the agreement that allowed them to be removed from a U.S. sanctions list. "We are considering additional legislative actions to ensure that (the U.S.) Treasury and these companies comply with the agreement in letter and in spirit," the four Democratic chairs of the House Ways and Means, Foreign Affairs, Intelligence and Financial Services committees said in a joint statement.
WASHINGTON (Reuters) - CIA Director Gina Haspel said on Tuesday that the agency did not raise concerns with the U.S. Treasury Department about the decision to lift sanctions on aluminium giant Rusal and ...